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The wholly-owned Asia Pacific subsidiary of data centre giant Equinix has secured US$170 million (AU$185 million) in loans from five financial institiions to continue to build and kit out data centres in the region.
Equinix, operators of the Equinix Sydney1 and Equinix Sydney2 data centres, announced today that DBS Bank, The Singapore branch of Dutch bank ING, The Royal Bank of Scotland and Hong Kong operations of GE Commercial Finance will underwrite the loan.
The company said that US$81 million of the money will cover existing debts - the company owes US$81 million out of an original loan of US$120 million - with the remainder aimed at being "used to support the company's development plans" in the region.
Equinix has built two data centres each in Sydney and Singapore, the latter attracting global clients including Salesforce.com.
The company is also expanding a data centre in Hong Kong.
Issue: 347 | March 2016